Tagged: renrendai

The Fantastical World of Chinese Marketplace Lending Promotions

One of the fundamental differences between Chinese and US lending platforms can be found just by examining the home pages of their websites. Most, if not all, US platforms’ landing pages are targeted at borrowers and exhibit mainly information around borrowing whereas, on those of… Read More

China: WeiyangX Fintech Review

In Response to Lending Cap Regulations, More & More Chinese P2P Platforms Start to Transfer to Financial Asset Exchanges In August, the China Banking Regulatory Commission (CBRC) issued rules for the online lending industry and set lending caps for both individual and business peer to… Read More

Are Chinese Platforms Abandoning the Peer-to-Peer Model?

Following in the footsteps of Chinese internet giants such as Alibaba, Tencent, and JD.com, leading Chinese P2P platforms have begun evolving into one-stop wealth management platforms. Alibaba’s Ant Financial, Tencent’s WeBank, and JD.com’s JD Finance (for some background on these platforms, please refer to a… Read More

Renrendai May Hit 15 Billion in P2P Transactions by Year End

Not so bad for a 5 year old. Renrendai, a leading peer to peer lender in China, may hit 15 billion yuan (about $2.4 billion) in loans by the end of the year. The direct lending platform had transactions worth $1.4 billion (9 billion yuan) in… Read More

P2P Lenders Partner with China Minsheng Bank to Manage & Safeguard Investor Funds

Jimubox, a peer to peer lending platform, has formed an arrangement with China Minsheng Bank to help protect investors funds.  The bank will now be used to conduct all financial transactions and will hold investors funds.  RenRenDai and Minshengyidai, two other peer to peer lending… Read More

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